Wells Fargo commits US$5 million for fund to spur solar in tribal communities

Latest

Facebook
Twitter
LinkedIn
Reddit
Email
Wells Fargo’s donation will be received by GRID Alternatives and will support the founding of GRID’s new Tribal Solar Accelerator Fund. Image: Wells Fargo

Wells Fargo is set to commit US$5 million over three years in order to support PV projects in tribal communities located across the US.

Wells Fargo’s donation will be received by GRID Alternatives and will support the founding of GRID’s new Tribal Solar Accelerator Fund, which is an extension of GRID’s National Tribal Program and will look to advance PV technology and expand solar job opportunities for individuals on tribal lands.

Mary Wenzel, head of sustainability and corporate responsibility at Wells Fargo, said: “Our strong relationships in Indian Country and with our Native American customers are a point of great pride at our company. We are pleased to have such an effective working relationship with GRID Alternatives and to provide the seed funding for its Tribal Solar Accelerator Fund. We sincerely believe that providing no-cost solar and job-training opportunities in tribal communities will address critical needs and accelerate the transition to a low-carbon economy.”

GRID Alternatives’ national Tribal Program, which was established in 2010, has installed nearly 3MW of solar capacity in partnership with more than 40 tribes across the US. The Tribal Solar Accelerator Fund will add an influx of capital to spur the development of new projects around the country.

The Spokane Tribe in Wellpinit, Washington, is set to become the first tribe to benefit from the new fund, as the tribe will receive a third-party investment capital and US$1 million in matching funds from the Department of Energy for a 637kW PV project. Once completed, the installation will provide clean power for 14 tribal buildings, including elder housing, community facilities and tribal administrative offices.

3 May 2023
Large Scale Solar Summit is coming back to the US after a sell-out year in 2022! Designed as a meeting place for deal-making, we will not only discuss the most up to date topics and technologies but will also provide varied networking platforms so that developers, EPCs, manufacturers, asset owners, and investors can connect with possible clients and partners. Join us in Texas to meet with the top players in the industry and expand your network as business booms.
6 June 2023
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2023 & 2024. We'll also be gathering the main players in the US solar market for some wine tasting!

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events